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Department of Finance Canada

Blake, Cassels & Graydon LLP

Le ministère des Finances propose une révision du cadre réglementaire régissant le secteur financier du Canada

Le 12 août 2024, la ministre des Finances a lancé une consultation publique visant à recueillir des commentaires sur les mesures proposées afin de réviser le cadre réglementaire du Canada qui s’applique aux institutions...more

Stikeman Elliott LLP

Strengthening Canada’s Financial Sector: Phase 3 of the Federal Consultation Emphasizes Competition and Consumer Interests

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On August 12, 2024, the Department of Finance released its Consultation on Proposals to Strengthen Canada’s Financial Sector, the third phase of the federal government’s ongoing review of Canada’s financial institutions laws....more

Blake, Cassels & Graydon LLP

Department of Finance Proposes Updates to Canada’s Financial Sector Framework

On August 12, 2024, the Department of Finance launched a public consultation seeking views on proposed measures to update Canada’s regulatory framework for financial institutions. This consultation marks the third phase of...more

American Conference Institute (ACI)

[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 5th - 6th, Toronto, Ontario, Canada

Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming providing practical guidance...more

Stikeman Elliott LLP

2023 Fall Economic Statement: Clean Economy Measures

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On November 21, 2023, the Department of Finance of Canada released its Fall Economic Statement (the “Economic Statement”). The Economic Statement proposes updates to certain measures to grow Canada’s clean economy previously...more

Stikeman Elliott LLP

Canada’s 2023 Fall Economic Statement

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On November 21, 2023, the Canadian Department of Finance (“Finance”) released its 2023 Fall Economic Statement (“FES 2023”). The focus of FES 2023 was on affordability measures, particularly with respect to housing. New...more

Bennett Jones LLP

Employee Ownership Trusts—Improved Tax Incentives Announced

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The Canadian Department of Finance introduced draft legislation in the 2023 Canadian Federal Budget (Budget 2023) to create employee ownership trusts (EOTs) to facilitate the transfer of a business to the employees of the...more

Mintz - Tax Viewpoints

Employee Ownership Trusts Update – The Tax Incentives that Everyone was Hoping For

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The Canadian Government released its Fall Economic Statement (“FES 2023”) on November 21, 2023 outlining the government’s fiscal update. FES 2023 focuses on housing, affordability, and fighting climate change. However, buried...more

Stikeman Elliott LLP

Department of Finance Launches Periodic Review of Financial Institutions Statutes, Seeks Public Input on 12 Key Questions

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On October 5, 2023, the Department of Finance (Canada) launched a public consultation as part of its periodic review of the key statutes governing federally-regulated financial institutions: the Bank Act, the Insurance...more

Davies Ward Phillips & Vineberg LLP

Government of Canada Releases Package of Proposed Domestic and International Tax Legislation

The Department of Finance (Finance) released draft tax legislation for public consultation on August 4, 2023, with a stated focus on promoting tax fairness and a clean economy. The most significant item released is the...more

Stikeman Elliott LLP

Clean Energy Incentives: August 4, 2023 Legislative Proposals Relating to the Income Tax Act and Regulations

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On August 4, 2023, the Department of Finance of Canada released significant legislative proposals relating to the federal government’s proposed measures to grow Canada’s clean economy. The release includes the draft...more

Bennett Jones LLP

Employee Ownership Trusts—A Useful Tool for Employee Business Ownership?

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There is a growing international movement to increase employee ownership of businesses. Some jurisdictions such as the United Kingdom and the United States have developed tax rules and incentives to facilitate business...more

Davies Ward Phillips & Vineberg LLP

Canada Releases Revised Draft Legislation on New Interest Deductibility Rules

The Department of Finance (Canada) (Finance) has released revised draft legislation on the proposed rules regarding excessive interest and financing expenses limitation (EIFEL). The revised draft legislation, released on...more

Davies Ward Phillips & Vineberg LLP

Highlights of Canada’s Latest Legislative Tax Proposals

The Department of Finance recently released a package of materials containing potential changes to the Canadian tax system (Tax Proposals). The materials, released on August 9, 2022, include draft amendments to the Income Tax...more

Davies Ward Phillips & Vineberg LLP

Canada Confirms Intention to Institute New Interest and Deductibility Rules

The Department of Finance (Canada) (Finance) released draft legislation on February 4, 2022 that would limit the deduction of “interest and financing expenses” to a fixed percentage of earnings before interest, taxes,...more

Blake, Cassels & Graydon LLP

Le ministère des Finances publie des changements au Règlement sur le recyclage des produits de la criminalité et le financement...

Le 27 avril 2022, soit après la publication de notre Bulletin Blakes intitulé Changements aux règlements pris en vertu de la Partie 1 de la LRPCFAT, le ministère des Finances a publié des changements au Règlement sur le...more

Blake, Cassels & Graydon LLP

Department of Finance Publishes Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Further to our Blakes Bulletin: Changes to Regulations Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act – Part 1, on April 27, 2022, the Department of Finance published the amendments to the Proceeds...more

Davies Ward Phillips & Vineberg LLP

Federal Budget 2022: Tax Highlights

On April 7, 2022 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2022), the second budget since the start of the...more

Bennett Jones LLP

COVID-19 Tax Updates from the Alberta Government and the CRA

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Since March 18, 2020, the following updates have been released by the Government of Alberta and the Canada Revenue Agency (CRA) regarding their respective economic relief plans to help mitigate the effects of the COVID-19...more

Blake, Cassels & Graydon LLP

Year in Review: Legislation and Guidance for Federal Financial Institutions in 2017

2017 marked another year of prodigious development of legislation and regulatory guidance impacting federal financial institutions in Canada. The new wave of initiatives in 2017 included the second stage of the...more

Blake, Cassels & Graydon LLP

Duties on Transfers of Immovables in Quebec: Department of Finance Exempts Partnerships

On December 20, 2017, the Quebec Department of Finance published its end-of-year bulletin, Information Bulletin 2017-14 (Bulletin). Among the measures announced by the Department of Finance was the introduction of an...more

Blake, Cassels & Graydon LLP

Quebec Transfer Duties on Immovables: Recent Developments

The Quebec Minister of Finance presented the budget speech for the 2016–2017 financial year on March 17, 2016 (2016–2017 Budget), which modified the system of duties on transfers of immovables (please see our March 2016...more

Blake, Cassels & Graydon LLP

Back to the Future: Finance Canada Releases Second Consultation on Financial Sector Legislation

On August 11, 2017, Canada’s Department of Finance (Finance Canada) launched the second stage of its consultation process to review the legislative and regulatory framework of the federal financial sector, by releasing its...more

Blake, Cassels & Graydon LLP

Missing Pension Plan Beneficiaries and the Federal Consultation Paper on the Financial Sector Framework

The Bank of Canada currently maintains a program for holding account balances for missing individuals, which are transferred from banks and trust companies in certain circumstances. On August 11, 2017, the federal Department...more

Blake, Cassels & Graydon LLP

Canada’s Financial Sector: Legislation for the Future

On August 26, 2016, Canada’s Department of Finance (Finance Canada) launched a consultation process to review the legislative and regulatory framework of the federal financial sector. This follows the extension of the sunset...more

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